Best Guess: When to buy APPL again

[freescotland]

I sold my APPL when it was in the $80s and am waiting to jump back in.

I was thinking that if it gets back sub-$60, that would be the time to strike.

Other opinions?

[IronMac]

Too late now.

[Paul F.]

I'd buy now... and not quibble over a couple dollars if it dips a bit lower.

[(vikm)]

ASAP

[msglee]

Buy when you have the money.

[guitarist]

Early this morning would have been good.

If you were lucky enough to sell AAPL at 80, you're the MAN.

I bought AAPL on a dip, when it hit 45 (after being up around 50) then watched it climb steadily all the way to 85, then it started sliding. I didn't withdraw when it hit 75, 70, or even 65. (in retrospect, I probably should have, since I've cashed out other stocks to collect profits) but since my stake is a small, hobby-sized one (less than a thousand dollars) it's no great win or loss either way, just a token to give me a reason to follow the share prices.

Now I hope irrational exuberance over the early introduction of the first Intel Macs has shaken out, and the irrational fear about the Intel transition has stabilized (I believe it was built in, but Bears don't see it that way) so that the bullish can restore APPL value to a more buoyant position.

There's been a lot of conflicting good news/rumors and bad news all mixed together, so it's hard to follow how the market is responding to day-to-day concerns. I DID consider buying MORE stock, once it got down to the mid 60s.

But it's still too unpredictable. I didn't fold, didn't raise, just standing pat for now.

[Effin Haole]

It's always a good time to buy Apple.

[Wolf Larsen]

Its impossible to pick the low and the high. If you can, please contact me immediately. Common advice is to buy in stages. If it goes lower buy more and so on. If it heads up immediately, then that's the worst that can happen. For example, you want to buy 100 shares. Buy it back in 25 share increments. Buy some Monday. If it goes down on Tuesday buy some more. It stays unchanged Wednesday, do nothing. etc. until you have bought back your 100 shares.

[-jeffB]

Wolf Larsen Wrote:
-------------------------------------------------------
> Its impossible to pick the low and the high. If
> you can, please contact me immediately. Common
> advice is to buy in stages. If it goes lower buy
> more and so on. If it heads up immediately, then
> that's the worst that can happen. For example,
> you want to buy 100 shares. Buy it back in 25
> share increments. Buy some Monday. If it goes
> down on Tuesday buy some more. It stays unchanged
> Wednesday, do nothing. etc. until you have bought
> back your 100 shares.

This advice is particularly common from online brokers, who earn four times the commision if you make four purchases of 25 shares instead of one purchase of 100. Assuming $10 a trade, that means you're paying an extra 40 cents for each share you buy, rather than an extra dime each.

(That's not to say that staged buying is a bad strategy in general, but when you're doing frequent trading on small quantities of shares, you need to be careful not to let transaction expenses eat up your profits.)

[Wolf Larsen]

-jeffB Wrote:
>
> This advice is particularly common from online
> brokers, who earn four times the commision if you
> make four purchases of 25 shares instead of one
> purchase of 100. Assuming $10 a trade, that means
> you're paying an extra 40 cents for each share you
> buy, rather than an extra dime each.
>
> (That's not to say that staged buying is a bad
> strategy in general, but when you're doing
> frequent trading on small quantities of shares,
> you need to be careful not to let transaction
> expenses eat up your profits.)
>

I was going to go on along that line, but I thought that was just intiutively obvious to the casual observer. You would of course wait for a significant drop in price. Now if you bought 25 shares of AAPL at $71.60, then waited a couple days, you would have more than made up the commision on both trades when you bought more at $67. Then you waited a day or two more, you could pick some more up for $65. Now tell me if you think you wasted money on extra commisions?